Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

Watchdog clears BT Sport joint venture with Warner Bros Discovery

BT Group has agreed to form a new sports joint venture with Warner Bros Discovery in the UK and Ireland (BT/PA)
BT Group has agreed to form a new sports joint venture with Warner Bros Discovery in the UK and Ireland (BT/PA)

BT’s deal to merge its sports broadcasting business with Warner Bros Discovery has been cleared by the UK competition watchdog.

In May, the UK telecoms giant sealed a joint venture (JV) deal with the Eurosport owner to create a combined sports broadcasting business in the UK and Ireland.

It agreed to the move, which could be worth up to £540 million, after a lengthy review of its BT Sport operation.

Last month, the Competition and Markets Authority (CMA) launched a probe into the joint venture deal,  as it sought to assess whether the move could “result in a substantial lessening of competition”.

The CMA started with a Phase 1 investigation but has now confirmed it will not refer the deal to a more thorough Phase 2 probe, allowing the process to complete.

BT said it will now be able to complete the merger “in the coming weeks”, with its and Warner Bros Discovery’s assets being transferred into a new company.

It confirmed that BT Sport and Eurosport will initially retain their separate brands before being brought together “under a single brand” in the future.

Marc Allera, chief executive officer of BT’s consumer division and future chairman of the joint venture, said: “It’s great news that the CMA has approved the new JV that we are forming with Warner Bros Discovery, combining the very best of BT Sport and Eurosport UK, to create an exciting new offer for live sport programming in the UK.

“Today is a huge milestone, as we now look toward day one of the new business, which we hope to be in the coming weeks.”

Andrew Georgiou, future board member of the JV and president and managing director of Warner Bros Discovery Sports Europe, said: “Combining the capabilities, portfolios and scale of BT Sport and Eurosport UK will be a big win for fans in the UK & Ireland, offering a new destination that will feature all the sport they love in one place.”